Farmer - friendly Budget in the making: Reports

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Farmer - friendly Budget in the making: Reports

Feb 01, 2019 08:37 IST

As agri distress came centre stage in 2018, the government could be working on a clutch of farmer friendly proposals to be announced in the interim budget. Suggestions include providing income support and funding relief to small and marginal farmers, including the possibility of interest-free loans of up to Rs 3 lakh to this segment. Another proposal that was reportedly discussed is collateral-free loans of Rs 2 or 3 lakh for farmers.However, bankers stress that this works only if the government reimburses the interest component or puts in place a clear credit guarantee mechanism.